- Imperial Mining Group (IPG) has filed a technical report detailing the PEA of the Crater Lake Scandium-Rare Earth Project in Québec
- Highlights of the report include estimated gross metal revenue of the minerals produced total $15.2 billion over the life of the project
- Pre-tax net present value of $2.97 billion
- Total mined metal production of 110 t Sc2O3, 57,298 t of ScAl Master alloy and 23,578 t of REE hydroxide concentrate
- Imperial is a Canadian mineral exploration and development company focused on the advancement of metals projects in Québec
- Imperial Mining Group (IPG) opened trading at C$0.065
Imperial Mining Group (IPG) has filed a technical report detailing the Preliminary Economic Assessment (PEA) of the Crater Lake Project.
The Scandium-Rare Earth project is located east of Schefferville, Québec.
The technical report, titled “CRATER LAKE SCANDIUM PROJECT, PRELIMINARY ECONOMIC ASSESSMENT: NATIONAL INSTRUMENT(NI) 43-101 REPORT” was prepared for Imperial Mining Group Ltd. by WSP Canada.
Highlights:
- Gross metal revenue of the minerals produced total $15.2 billion over the life of the operation
- Gross earnings after-tax is $6.25 billion
- The project has a pre-tax net present value (NPV) of $2.97 billion and an after-tax NPV of $1.72 billion
- Pre-tax internal rate of return (IRR) is 42.9 per cent and an after-tax IRR of 32.8 per cent
- Annual Net revenues average $608.0 million
- The pre-tax capital payback is 2.5 years from the start of production
- Total mined metal production over a minimum 25-year mining life is expected to be 110 t Sc2O3, 57,298 t of ScAl Master alloy and 23,578 t of REE hydroxide concentrate
Imperial is a Canadian mineral exploration and development company focused on the advancement of metals projects in Québec.
Imperial Mining Group (IPG) opened trading at C$0.065.
